Rest assured that Reveille Real Estate Appraisal is an FHA-certified appraisal firm in Texas. This means that we are certified and approved by the FHA to do appraisals for property loans underwritten by them. We’re trained and understand the rules and procedures in FHA’s guidance and policy documents.

Contact us today if you need to get an appraisal done on an FHA-insured loan.

An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). None of the funds are provided by the FHA. What the FHA does is ensure that the mortgage is insured in case the borrower defaults on his or her loan obligations. Low-income and moderate-income homebuyers benefit the most from FHA-insured loan programs.

The point of the Federal Housing Administration is to assist credit-worthy potential buyers get approved for mortgages that they otherwise would not. Remember that the lending agency approving a loan backed by the FHA is allowed to pick which appraisers they work with, unlike the VA appraisal panel.

The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. FHA loan programs are particularly helpful to those buyers with less accumulated funding.